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Samsung Electronics and SK hynix paid a combined 11.21 trillion won ($7.99 billion) in corporate taxes in the first half, up 167 percent from a year earlier, as the AI-driven chip boom translated into higher tax bills. According to regulatory filings Sunday, Samsung paid 3.99 trillion won, up from 1.12 trillion won a year earlier. SK hynix paid a record 7.22 trillion won, more than double the previous year’s 3.07 trillion won. The combined total was the second-highest for any first half, trailin
SK Chemicals is positioning its polyester resin business to capture new opportunities in Europe’s can-coating market as tighter restrictions on bisphenol A take effect in the European Union. The new regulation, which came into full force in July, is expected to accelerate the replacement of BPA-based epoxy coatings that have traditionally been used to prevent corrosion and protect food and beverages from direct contact with metal. Polyester-based coatings have consequently emerged as a leading a
The decades-old rivalry between HD Hyundai and Hanwha Ocean is moving across the Pacific, as the two shipbuilding giants race for a much bigger prize: entry into the US naval shipbuilding market. Hanwha has seized an early lead. After acquiring Philadelphia-based Philly Shipyard, it is now pursuing Austal USA, a major supplier of vessels to the US Navy and Coast Guard. HD Hyundai has taken a more cautious route, favoring partnerships with American shipbuilders over outright acquisitions, but tha
Airport Railroad (AREX) said Friday it had completed renovations at the City Airport Terminal at Seoul Station to accommodate growing demand for convenient check-in experience. The facility enables travelers to check in, drop off baggage, and complete immigration procedures before they head to Incheon Airport. AREX’s express train ridership reached 2.66 million in 2025, up more than 35 percent from 2019. The terminal also handled 470,000 users over the year, an average of 1,302 per day. During p
South Korea's four major conglomerates — Samsung, SK, Hyundai and LG — are stepping up to provide relief support in the country's southern regions following heavy rain damage. Together, the four groups have pledged 7 billion won ($5.1 billion) to affected areas, while their affiliates are providing emergency supplies and services to residents. The southern cities were hit by heavy rain from Aug. 15 to Thursday, resulting in at least 187 landslides in Geoje and Tongyeong alone, according to the K
Lee Moonwon Korean Medicine Clinic, a Gangnam-based facility specializing in hair-loss treatment, is expanding Korean traditional medicine's global footprint, building a global patient base through its whole-body approach to hair-loss care. The clinic was recently selected for "100 Seoul Beauty & Wellness Spots" for the second consecutive year. The annual list features Seoul's leading beauty and wellness destinations for international visitors. "Treating hair loss is not just about regrowing hai
Posco Holdings said Friday it had secured an 1 trillion won ($728 million) line of credit from the Inter-American Development Bank Group (IDB Group) for its Argentina lithium project, advancing its effort to build a China-free critical mineral supply chain. Posco Argentina — the company’s local lithium production subsidiary — received approval for a short-term credit facility from IDB Invest, the private sector arm of the IDB Group. Posco Holdings highlighted that IDB Invest highly acknowledged
South Korea has selected SK Telecom, Kakao and KT to build government-backed artificial intelligence services that will give the public free, unlimited access to general-purpose AI chatbots and agents capable of handling public and everyday tasks. The Ministry of Science and ICT said Friday it chose the three consortiums from six bidders for its “AI for Everyone” project, aimed at expanding access to homegrown AI and strengthening the domestic ecosystem. The government will provide the three gro
SK hynix CEO Kwak Noh-jung said Thursday the company remained open to further US semiconductor investment, while forecasting a global memory chip shortage through the end of 2030. “We are always open (for more investment), but nothing has been decided,” Kwak told reporters Thursday after a groundbreaking ceremony for the company’s advanced packaging plant in West Lafayette, Indiana. Kwak said SK hynix was looking globally for potential sites that could support its development and testing needs,
Cosmax, a global cosmetics original development and manufacturing company, said Friday that it is joining the launch of Indonesia’s first undergraduate program dedicated to cosmetics. The company will participate as an industry partner, seeking to foster local research and development expertise. Cosmax will take part in the launch of the bachelor’s program in cosmetology at the Faculty of Pharmacy of Universitas Padjadjaran in West Java, Indonesia. The new program is the country’s first undergra
Chipotle bets on Korea for first bite of Asia
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Samsung, SK hynix tax payments surge 167% on chip boom
SK Chemicals eyes European can-coating market
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